626 4th St Freeport, TX 77541-5613
This exceptional Freeport, Texas property presents a compelling investment opportunity. Located at 626 W 4th St, 77541, in Brazoria County, this mixed-use offering encompasses two buildings situated on a substantial 21,000-square-foot lot. The main structure is a 3,750-square-foot warehouse, complemented by a 1,188-square-foot office building. The office space offers potential for residential conversion, subject to necessary permits and approvals. An additional concrete pad at the rear of the property provides ample space for expansion or additional development. The property's strategic location offers easy access to Highway 288 and the proximity to the Port of Freeport and numerous industrial plants makes it ideally suited for a variety of commercial uses. The asking price is $460,000. Currently, the electricity is disconnected. Further details and site visits are available upon request. This property's versatility and prime location make it an attractive prospect for investors seeking significant return on investment. The large lot size allows for considerable future development possibilities. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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